I know it’s only a company, but I was watching Jim Cramer on his show the other day and he got a little emotional talking about Michael. If you ever had the pleasure of watching his segments with Michael, you could tell Jim had a fondness for him and it was reciprocated. It’s hard for all of us that have been here for a while and remember what real leadership looked like. But can you imagine the devastation watching your life’s work be so totally and incompetently destroyed?
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The only logical reason to keep separate platforms as a “source of truth” for a given entity is to make it easier to sell. After all, we’re just a family of brands bolted together like some sort of corporate Lego set.
@16h Michael has been gone for a while now and even longer since he has been CEO. There’s been plenty of time to change course or fix what is perceived to be broken.
That we STILL have multiple claims processing platforms, customer service platforms, care management tools, etc is evidence that MFN never intended to bring us together. It’s ki-ling the company.
@p0 Not sure about WellCare being the better company. I think it was to mediocre companies trying to gain scale through M&A. Unfortunately, mediocre + mediocre = mediocre.
From what I’ve seen, Centene would be in a much better position if WellCare had bought Centene. I never worked for WellCare, but their IT systems were much better, and their leadership knew how to lead instead of just building silos and fighting with each other internally.
MFN grew the business at all costs, but did nothing to standardize our platforms and consolidate once the acquisitions were made. Internally we’re still disjointed, a giant Frankensteinian nightmare.
Here’s hoping we get bought by a company that knows what they are doing and they can flush these do-nothing Humana alums out…
@es: Why in the world would I give up the same anonymity as everyone else here has? There are many leaders that read and post here. You can almost tell who leads, and who gets led, based on how they write.
@d5 It’s happening under Sarah’s watch. End of story. Everyone always blames the previous leader when things go wrong. Doesn’t matter if it’s politics, sports, or business. She was the captain when the USS Centene sank. That’s what history will remember.
@dk if you really are current management, come forward with your identity and position and explain why you are on this site while your house is on fire!!!!! Fake news otherwise
@dk can you be more specific? Everyone knows the biggest problem in the last 10 years was acquiring WellCare which was like buying a flaming tu-d with he---s that gave everyone in proximity STDs.
d5 here. Yes I’m in management. But I also know how terribly the company was run under MFN. Daily I get to witness things that were obvious problems 15 years ago they never got fixed. If you aren’t able to see fit, you haven’t been paying attention. Blame the new CEO all you want but these issues are from DECADES of poor MFN leadership.
@d5 haha management is on here trying to blame the dead guy AGAIN.
@cx you are just a little jealous dbag
We would be out of business already if MFN was still around. We are STILL having a hard time unwinding the millions we lose in the inefficiencies he never bothered to address. His goal was grow grow grow at all costs. And here we are.
Did you see the list of folks at his funeral? All the top democrats who pretend to demand better health CARE to get votes... but they also all made a fortune on Mikey and his health INSURANCE.
Fu-k that guy!
@ar I agree with you 100%
@ae True genius would be getting the channel correct. It was on CNBC, the business channel. Not MSNBC, the liberal/woke channel. Which is ironic, because Sarah is a better fit on MSNBC than CNBC, given the fact she obviously has no idea how to run a successful business.
@b8 I saw the video of it. He did look ill just talking about it. But at least he doesn’t have to live through it like we employees do. It’s not if massive job cuts come, but when.
@af Beautifully stated. And for those who are just horrified he dared to make money, that’s how you get paid
@ae so your saying the company paid Cramer to go on 2 weeks ago and talk about the devastating sh!t show the stock is now. I think not. It looked like he was going to puke.
@OP we are still feeling his loss in the trenches but keeping our heads down hoping to hang on to our paychecks a little longer. I rewatched the video tribute of his life recently and I agree that it is better that he is not here to witness the company crumble.
As an old UM nurse, I can definitely say that I saw first hand the shift from member centered care to company centered metrics from legacy wellcare to centene. It isn't working and it isn't generating revenue.
@af Leslie Norwalk resigned from the board over Sarah’s appointment. She knew this was a train wreck in the making
@af couldn’t agree more. Thank you for summarizing their incompetence so concisely.
@ae only an id--t believes that. Did you ever see a company commercial on msnbc. Sounds like sour apples from current management posting.
@OP It wasn’t just a company to Michael Neidorff. Yes, it was a business that he took public and grew into a healthcare giant during his 25+ years of service. Obviously investors expected profit and growth, but Michael would not and did not let investors run that company. It’s easy math folks, look at the stock growth under his watch and then look at it the downward spiral since he died. Since his passing and Sarah took over, the stock has fallen almost $60/share, over 20k people have lost their jobs, they sold off everything that would have helped offset current Medicaid losses (specialty cos, international healthcare, real estate, etc.), and there is very little community support in the states where they serve. The analysts, investors, business community and most employees fully recognize who deserves credit for Centene’s former successes and who is to blame for its downfall.
If you think Centene didn’t pay for those interviews on MSNBC, you’re wrong.
It’s all marketing, genius.